Find out how to make your shared living space peaceful. You can make cohabitation official in different ways, and each option has its own benefits. The most common ones are the Free Accommodation Occupancy Agreement and the Temporary Residence Contract. Let’s take a closer look at these contracts.
Temporary residence contract : anti-squat law
This contract is used for short-term stays, often in exchange for services. The tax benefits include :
- For the Host : You can deduct the cost of temporary accommodation from your taxes, if you meet certain conditions.
- For the guest : The possibility of accessing low-cost housing in exchange for services, contributing to how to make your shared living space peaceful.
For example : Marc, a young professional and a traveller who believes in solidarity with ToitChezMoi, stays for free in an empty building in Paris. In return, he makes sure that squatters don’t take over the building and it doesn’t get damaged. There is no lease agreement with the host, the property owner – only a simple Temporary Residence Contract.
Intergenerational solidarity cohabitation contract
Intergenerational solidarity cohabitation is when people over 60 rent or sublet part of their home to someone under 31. This is one way to maintain a peaceful shared living space.
According to a study by Union Sociale for l’Habitat, more and more of these kinds of shared homes are popping up. In 2017, there were over 850,000 households like this. This helps strengthen social bonds and save money.
Free accommodation occupancy agreement
This contract lets you live in a home without paying rent if you do some work for your landlord. The tax benefits for both parties include :
- For the Host : You might not have to pay housing tax if your income is low enough.
- For the guest : Access to a home that they can live in for free, which can result in big savings and contribute to making your shared living space peaceful.
For example : Sophie, a single mother, lets a student called Lucas stay with her. In return, she gives him some tutoring. Sophie doesn’t have to pay tax on the rent she earns, and Lucas can afford to live with her without spending too much.
The importance of having a contract
Why get a contract to make cohabitation official ?
- Legal security : A written contract protects the rights and obligations of each person, reducing the risk of conflicts.
- Tax Benefits : Contracts allow for tax exemptions and deductions.
- Clarity of Terms : A contract specifies the terms of the service exchange, ensuring mutual understanding of expectations and helps maintaining a peaceful shared living space.
To get these tax benefits, you must meet the specific conditions of each contract and declare any income received for services.
Want to learn more about the tax benefits of cohabitation ? Click here to find all our tips.
Want to join the ToitChezMoi.com community ? Sign up now and see how cohabitation can make your life easier.
Please note that while all these contracts are available on the ToitChezMoi.com platform, they are merely suggestions and do not engage ToitChezMoi.
